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Shipping woes of Chennai companies Focus on quality of power - its only around 170-180V Pharma – overdose of copying A yen for wastage… He saved millions from starvation... The ‘Ayyo-yes’ is no more How Air-India loses customs... Adapt Vajpayee dinner diplomacy Poor quality of university VCs Godspeed, Chief Minister JJ Fortune 500 review Land reclamation from sea appears cheaper! The nuclear option Kinetic Karnataka …and of a popular trade leader The rise and rise of KCP Fall in crude prices help in oil sector reform Delhi Chalo... CIPET hqrs to stay at Guindy – for the present? New IT products of Ramco in the pipeline… Eternal support for capitalisation of PS banks Building loyalty through the stomach TN accounts for the largest recruits by the IT sector When TN politicians can emulate Kerala's Mersal magnified The Jan Dhan bonanza Discoms deserve better… Bihar elections - the Rajaji formula worked CII projects higher growth… A proud Madrasi Robber barons everywhere SoA @ 80 Modi storms Silicon Valley S V Raju – a ‘good’ true liberal Paytm karo... Auto components surge… Marketing expert Balagopal is no more Waning interest in public discussions… China invests in India Permanent secretariat for TN GIM This scant respect for Law The why of tax incentives Airlines in India: cost and space Don’t seem to feel the pulse… WTO Meet: resolved to meet again Valli, they are more marginalised Make standards certification mandatory... TIAM turns a full cycle Making ‘my Amaravati’... London, London Narayan Air Asia India will set new benchmarks for budget travel Gas is the way forward B H Kothari - a tribute F C Kohli - his concerns all embracing EVM is tamper-proof No engine for this car A glass full of corruption Welcome GST When Ratan Tata visited SRM Tax agriculture Muffled voices for merit… IPL - no surprise this scam Sweet news for TN sugar mills Roaring Ro-Ro facility When nations steal growth from one another… Why this malaise in medical education? Convulsions in The Hindu Should we change the official year? Excel Generators provide the vital back-up Tribute – Manikam Ramaswami TELANGANA at last…BUT Align crops to agro climate endowments… Tatas moving out of urea production... Whistle-Stop Tour of Raghuram Rajan Why land prices zoom in TN? Mu Sigma – is no more Infrastructure funding – lessons learnt TN – agglomerate land holdings without alienating ownership West Bengal: mindless malignancy More Shakthi to Das’ elbow There was flood of milk. 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Diamond jubilee of Egmore Samskrt School Insurance companies bleeding, yet no decision on increasing FDI limit! Small units prefers to remain small... Poor representation for Kerala and TN in Cabinet GNS - 100: our first subscriber Readers' Mail Put expensive assets created to use... Streamlining mandatory third party cover An inexplicable neglect A rich pool of talent not utilised…. The few handicaps... A professional at the helm of IRDA... The rise and fall of Annamalai University Online not in line with brick and mortar businesses... Another Indian music maestro at the UN to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines An informal presentation - analytical, forward locking... For whom the MIDS bell tolls? 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PC’s preference for professionals Intellectual of rare qualities Modi and the lady Shanti and Sadhana through Music Telangana in top gear… Preserving for the future Gay abandon in pricing Tribute – UCAL Selvan… Alexa – Talking Wikipedia Shale gas and its shallow future Wise Presidents EEC at the National Media Centre Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Boy, can you beat these? Solar, solar everywhere … Welcome changes that testify to Jayalalithaa’s return to health Banning booze... A C Muthiah – his munificent bequeaths to science Cleaning Ganga – relocate tanneries and install electric crematoria The star of Spencers is no more Scientists urged to take up farmer-oriented research Measuring roof tops in terms of KW/MW Return to king coal for urea... 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Noble nonagenarians... Tribute Fuel for thought All eyes on Sankara Nethralaya The ‘Jayanthi Tax.’ Wanted: a second airport for Chennai Medical costs hit the roof... A more liberated TN… Secularism and anti-Hinduism Delhi returns to BJP When online building permits work…. Protest masters... Limit foreign borrowings to hi-tech, export potential projects... Shaming of Tamils by Tamil farmers at Delhi Vibrant Gujarat Padma Bhushan for A Ramakrishna Solar thermal shines…
 
When nations steal growth from one another…

Delhi is distant. For long I have been suggesting policy makers in Delhi to visit state capitals and other cities to explain policy and its implications. This should extend to Union ministers including the Prime Minister, secretaries to several departments and other political bigwigs of the party in power. The efforts seem confined to the prime minister through his man ki baat and tweets. I again suggest a change in this by policymakers expanding their contacts at the regional level.

In this background, the initiative of Dr C Rangarajan (CR), to present, initially Chief Economic Advisor Arvind Subramanian and subsequently RBI Governor Raghuram Rajan, was welcome. Both the outstanding economists were alumni of IIM-A and thus it was easy for Dr Rangarajan who was a distinguished professor at IIM-A, to present them at the Madras School of Economics of which CR is the chairman.

In his short visit to the city, Raghuram Rajan didn’t talk  about monetary policy or other facets of current concern.  He chose a subject on India and the international financial system. It was a brilliant analysis on the present state of the global economy struggling to regain momentum in economic growth. His reference to nations attempting to ‘steal’ growth from one another and the reasons for it, provoked a good deal of thought.

A note of thanks to Dr Rangarajan for bringing these luminaries focused on Delhi and Mumbai to Chennai.

 

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